M&A Deal Summary

IR Acquires UT Pumps

On October 1, 2024, IR acquired machinery company UT Pumps

Acquisition Highlights
  • This is IR’s 17th transaction in the Machinery sector.
  • This is IR’s 2nd transaction in India.

M&A Deal Summary
Date 2024-10-01
Target UT Pumps
Sector Machinery
Buyer(s) IR
Deal Type Add-on Acquisition

Target

UT Pumps

Faridabad, India
UT Pumps is a manufacturer of screw pumps and triplex plunger pumps. Its high-pressure pumps are mainly focused on attractive end markets including water, wastewater, food and beverage, pharmaceuticals, general industrial, and chemicals. UT Pumps was formed in 1984 and is headquartered in Faridabad, India.

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Buyer(S) 1

Buyer

IR

Davidson, North Carolina, United States
Category Company
Founded 1859
Sector Machinery
Employees18,000
Revenue 6.8B USD (2023)
DESCRIPTION

IR is a manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. IR was founded in 1859 and is based in Davidson, Wisconsin.

DEAL STATS #
Overall 48 of 48
Sector (Machinery) 17 of 17
Type (Add-on Acquisition) 42 of 42
Country (India) 2 of 2
Year (2024) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 APSCO

Tulsa, Oklahoma, United States

APSCO is a designer, manufacturer, and sells pneumatic and hydraulic valves, cylinders, actuators, and control systems for the heavy-duty truck equipment markets. Air Power Systems products are used in a variety of end markets, including construction, oil & gas, waste and recycling, fluid power, utility and snow, and ice removal. APSCO was founded in 1964 and is based in Tulsa, Oklahoma.

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